Laidlaw also announced that the 30-day appeal period in connection with the unanimous approval for the subdivision of the former Fraser pulp mill site in Berlin to be acquired by Laidlaw has expired without any appeals.
This reportedly paves the way for the imminent closing of acquisition and related financing. Laidlaw is currently in the process of finalizing these arrangements.
The Berlin project involves the conversion of the former Fraser Paper pulp mill site into a highly advanced biomass-to-energy project that is expected to export approximately 60MW of renewable energy to the New England power grid and utilize over 700,000 tons of clean wood biomass chips per annum.
The project involves a capital investment of over $80 million by Laidlaw and its investors.
